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Recruitment Insights and Market Intelligence: Navigating the Changing Landscape

Published 27th June 2023
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Recruitment Insights and Market Intelligence: Navigating the Changing Landscape

Published 27th June 2023

Did you tune into our Recruitment Insights event? If not, this blog has all the information you missed. We'll take you through the exciting world of job hunting. We'll explore the latest trends and facts that shape today's recruitment landscape, helping you understand what's happening in the job market.

More Job Opportunities, but Slower Growth

In the past few months, job openings have been growing, although at a slower pace. The Recruitment and Employment Confederation's report for May shows that the job market's expansion has slowed down, mainly because of uncertain economic conditions. However, this doesn't mean there aren't opportunities out there for job seekers like you.

Hope for Job Seekers: More People Available

In May, there's some good news as more people are available to work in both temporary and permanent jobs. This shift, mentioned in the REC report, could mean that it's becoming a bit easier for companies to find the right candidates. It's a relief for employers who have been struggling to find top-quality talent.

Confusing Data: Lots of Job Ads, but Slower Hiring

While the number of job openings may be growing more slowly, job advertisements have increased in the past weeks. In fact, it has reached a staggering 1.7 million. This may seem contradictory, but it actually means that there are still plenty of opportunities for ambitious job seekers like you. The competition for good jobs is still very much alive.

More Jobs, Fewer People Working

If we look at the bigger picture, job openings are almost back to the levels before the pandemic. However, the number of people employed remains low, which is a concerning trend (source: BGF). This shortage of workers is also caused by factors like Brexit, early retirements, and fewer young professionals entering the workforce. As a result, finding a job that matches your skills can be challenging.

Higher Salaries for In-Demand Skills

Because there's a shortage of skilled workers, companies are offering higher salaries to attract and keep the best talent. This trend of increasing salaries has been going on for 27 months straight. Employers know they need to offer competitive pay, along with other benefits like work-life balance, flexible schedules, career advancement, and skill development opportunities. These are the things job seekers like you value the most.

The Importance of Employer Branding

As job seekers, you have the upper hand in today's job market. That's why companies need to focus on their employer branding strategy. Surprisingly, 60% of Talent Attraction professionals expect to invest more in their employer branding this year (source: LinkedIn). It's time for companies to think about what makes them unique as employers and why you should choose them over their competitors.

Creating a Great Employer Brand

To develop a strong employer brand, companies need to answer two important questions: Who do they want to hire, and what motivates those candidates? Understanding their target audience and what sets them apart as an employer will help them attract top talent like you. So, when you're looking for a job, consider what each company offers that makes them special and a good fit for you.

Let's Connect and Boost Your Job Search

If you want to improve your job search and find the right company for you, let's talk. Our team is here to guide you in creating a compelling job search strategy. Together, we'll navigate the ever-changing job market and make sure you find the best opportunities. Keep an eye out for more tips and insights to help you succeed in your job search journey.

Download Market Insights and Recruitment Intelligence Report